secwatch.observer — SEC 8-K summary
======================================

Issuer:     Capri Holdings Ltd (CPRI)
CIK:        0001530721
Form:       8-K
Filed at:   2024-02-08T23:59:59+00:00
Accession:  0001530721-24-000016
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Capri Holdings Q3 revenue $1.43B, down 5.6%; adjusted EPS $1.20 vs $1.84 prior year
--------------------------------------------------------------------------------

- Total revenue $1.43B, down 5.6% reported; adjusted EPS $1.20, down from $1.84 year over year.
- Adjusted operating margin 12.1%, down from 16.9%, citing lower full-price sell-throughs and expense deleverage.
- Michael Kors revenue $1.03B (-5.6%); e-commerce issues largely resolved, retail sales down mid-single-digits.
- Versace posted an operating loss of $14M (vs income $24M); Jimmy Choo operating income $4M (vs $18M).
- Repaid $313M debt; net debt $1.60B; inventory down 14% YoY; guidance withheld due to pending Tapestry merger.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1530721/000153072124000016/0001530721-24-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1530721/000153072124000016/cpri-20240208.htm
  HTML page:      https://secwatch.observer/filing/0001530721-24-000016

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer